gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
13412349a6fedac9
Response Measures
None
Description
Articles identify a receiver for the Maywood Trust & Savings Bank, indicating closure/receivership.
Events (2)
1.May 24, 1932Receivership
Newspaper Excerpt
David T. Emery, receiver for the Northern Trust and Savings bank and for the Maywood Trust and Savings bank.
Source
newspapers
2.May 24, 1932Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was closed and placed in receivership; assets largely real estate with impaired valuations indicating insolvency or failure.
Newspaper Excerpt
Similar opinions were entertained by David T. Emery, receiver for the Northern Trust and Savings bank and for the Maywood Trust and Savings bank.
Source
newspapers
Newspaper Articles (7)
1.May 24, 1932The TimesHammond, IN
Article Text
for most trusts in closed banks of the city and would therefore cause dissatisfaction among the depositors.
"We must not forget that the greatest proportion of bank assets now are real estate holdings on which it is literally impossible to place a valuation today. If these real estate holdings are held by bank receivers until business conditions improve, they will be worth far more then than they are at present."
Similar opinions were entertained by David T. Emery, receiver for the Northern Trust and Savings bank and for the Maywood Trust and Savings bank.
Harry E. Folk and O. O. Carpenter, joint receivers for the Peoples Co-Operative State bank, held with Emery and French that a more detailed outline of the South Bend plan is necessary before any decision can be reached concerning its adaptability to Hammond's situation.
John A. Rippe, receiver of the American Trust and Savings bank, also voiced the desire to obtain a more detailed setup of the South Bend plan. He pointed out that an appraisal of bank assets in Hammond today would be almost worthless because of the large amount of real estate which receivers are holding as assets.
It then was decided to appoint a special committee of five to investigate the South Bend plan and to report back to the group at a later meeting.
2.June 28, 1932The TimesHammond, IN
Article Text
DECISION RESTS WITH TWO JUDGES
Hammond will adopt South Bend's bank aid plan if Judges Virgil S. Reiter and Clyde Cleveland approve it, according to some of the local bank receivers and their attorneys who made a special trip to South Bend yesterday to study the scheme in actual operation.
The local group proposes to meet with the jurists some day this week and hold a round-table discussion on the matter.
They were highly impressed with the worth of the plan yesterday after watching it in operation for more than three hours. They found that it has benefited South Bend to such an extent that the plan now is in extensive use there.
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
3.June 28, 1932The TimesHammond, IN
Article Text
DECISION RESTS WITH TWO JUDGES
Hammond will adopt South Bend's bank aid plan if Judges Virgil S. Reiter and Clyde Cleveland approve it, according to some of the local bank receivers and their attorneys who made a special trip to South Bend yesterday to study the scheme in actual operation.
The local group proposes to meet with the jurists some day this week and hold a round-table discussion on the matter.
They were highly impressed with the worth of the plan yesterday after watching it in operation for more than three hours. They found that it has benefited South Bend to such an extent that the plan now is in extensive use there.
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
4.June 28, 1932The TimesHammond, IN
Article Text
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
The following attorneys accompanied them: City Attorney Gerald Gillett, representing Mayor Charles O. Schonert; L. L. Bomberger, Wasson Wilson, and Harold Hammond.
Former Mayor A. E. Tinkham represented Timothy P. Galvin, president of the chamber of commerce.
At the conclusion of their study,
(Continued on Page Twelve)
5.June 28, 1932The TimesHammond, IN
Article Text
DECISION RESTS WITH TWO JUDGES
Hammond will adopt South Bend's bank aid plan if Judges Virgil S. Reiter and Clyde Cleveland approve it, according to some of the local bank receivers and their attorneys who made a special trip to South Bend yesterday to study the scheme in actual operation.
The local group proposes to meet with the jurists some day this week and hold a round-table discussion on the matter.
They were highly impressed with the worth of the plan yesterday after watching it in operation for more than three hours. They found that it has benefited South Bend to such an extent that the plan now is in extensive use there.
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
The following attorneys accompanied them: City Attorney Gerald Gillett, representing Mayor Charles O. Schonert; L. L. Bomberger, Wasson Wilson, and Harold Hammond.
Former Mayor A. E. Tinkham represented Timothy P. Galvin, president of the chamber of commerce.
At the conclusion of their study,
(Continued on Page Twelve)
6.June 28, 1932The TimesHammond, IN
Article Text
Hammond will adopt South Bend's bank aid plan if Judges Virgil S. Reiter and Clyde Cleveland approve it, according to some of the local bank receivers and their attorneys who made a special trip to South Bend yesterday to study the scheme in actual operation.
The local group proposes to meet with the jurists some day this week and hold a round-table discussion on the matter.
They were highly impressed with the worth of the plan yesterday after watching it in operation for more than three hours. They found that it has benefited South Bend to such an extent that the plan now is in extensive use there.
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
7.June 28, 1932The TimesHammond, IN
Article Text
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
The following attorneys accompanied them: City Attorney Gerald Gillett, representing Mayor Charles O. Schonert; L. L. Bomberger, Wasson Wilson, and Harold Hammond.
Former Mayor A. E. Tinkham represented Timothy P. Galvin, president of the chamber of commerce.
At the conclusion of their study,
(Continued on Page Twelve)
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.